EURGBP Technical Overview: Stuck in a triangle
Short term selling pressure continues on EURGBP Pair.
We keep selling the pullbacks. The last short trade at 0.62200 has achieved it’s first target at 0.91700.
The pair is stuck in a triangle in smaller chart timeframes.
Breakdown of the 0.91500 support will send the pair 0.91300 MM Support.
On the downside intraday targets are: 0.91000 0.90500.
Triangle breakout level is 0.90500.
Closing below 0.90500 will send the price towards 0.89600 – MM 4/8 H4 –
To buy the pair , we need to see the bullish breakout of the triangle.
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